FROM THE EDITORS OF CU WEEKLY...
CONGRESS DRAFTS RBC COMMENTS TO NCUA
04/23/14 03:41 PM
Signatures Being Gathered
In the latest effort to address the National Credit Union Administration’s (NCUA) pending rule on risk-based capital, members of Congress are now interested in sending their own comment letter.
“Sending their own version of a comment letter is one of the strongest tools for members of Congress,” said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. “When legislation is not an option, members of Congress joining together to raise concerns is a pretty common practice, which in turn demonstrates to regulators that Congress is doing its job and carefully watching.”
The letter is currently being drafted while additional signatures from members of Congress are gathered. Typically, between two and 200 legislators will sign such a letter.
Specific concerns outlined in this letter address: 1) the disparity in the rule between how community-based financial institutions are treated; and 2) the implementation time for the rule to go into effect.
The Leagues and Credit Union National Association (CUNA) will announce the final letter when it is completed sometime before the comment period closes.
As the letter moves through the process, the Leagues may be calling on various credit unions that have key relationships with member of Congress to ask for their support.
If you have questions, please contact Jeremy Empol at email@example.com.
Credit unions are encouraged to send their own comments letters through PowerComment.org, the Leagues’ regulatory grassroots tool. Comments are due to the NCUA by May 28.
RBC ANALYSIS: CALIFORNIA AND NEVADA
04/21/14 04:48 PM
Basel III Comparison for CUs
The National Credit Union Administration’s (NCUA) proposed risk-based capital rule is the most significant regulatory issue facing credit unions today.
DBO REPS ADDRESS 'CUOLI' INVESTMENTS
04/14/14 01:05 PM
State CU Update Given
California Department of Business Oversight (DBO) Commissioner Jan Owen and Deputy Commissioner of Credit Unions Erick Orellana gave attendees an overview of the department during the California Credit Union League’s 2014 Government Relations Rally (GRR) last week in Sacramento and welcomed questions from attendees.
CONGRESSMEN CONCERNED OVER RBC RULES
04/09/14 01:18 PM
Questions Arise During Hearing
Reps. Ed Royce, R-CA, and Brad Sherman, D-CA, questioned National Credit Union Administration (NCUA) General Counsel Mike McKenna on the effectiveness of the NCUA's proposed risk-based capital rule during a House Financial Services Committee hearing last week.
SHOW THE STRENGTH OF CREDIT UNIONS
04/07/14 04:09 PM
Download Project Zip Code
Show the power of credit unions in your congressional district to help strengthen the movement and mitigate harmful legislation. How? With Project Zip Code!
FEDERAL GOVERNMENT AFFAIRS
California and Nevada’s voice in Washington D.C. The California and Nevada Credit Union Leagues are the only Leagues with a full time staff dedicated to working with Congress, Government Agencies, and Federal Regulators. The resources in this area will help you keep informed of the latest developments and credit union priorities.
STATE GOVERNMENT AFFAIRS
State Government Advocacy efforts brings the voice of credit unions to Sacramento and Carson City. Our advocacy team works daily with elected officials, staff, the executive offices, gubernatorial appointees, and the decision-makers of California and Nevada. This area will keep you updated on all advocacy efforts at the state level of Government.
Grassroots Advocacy efforts connects you to your government. Whether issues arise at the Federal or State level; you can be an advocate for your credit union by participating in our programs. Using traditional Grassroots tactics, the California and Nevada Credit Union Leagues connects you to our cause.
The bipartisan Political Action Committee (PAC) of the California and Nevada Credit Union Leagues’ goal is to support candidates who support credit unions. Find out information about how you can participate and support candidates for office that support credit unions.
PROJECT ZIP CODE
Project Zip Code (PZC) is a user friendly, secure computer program that counts your members and matches them by congressional district, state legislative district and county. These counts are then uploaded to CUNA’s PZC website and combined with data from other credit unions nationwide.
Project Zip Code aids in federal and state advocacy efforts and participation provides operational benefits. To upload Project Zip Code, access FAQs and User Manual, please refer to the following
The California and Nevada Credit Union Leagues works to ensure that the media and public are aware of the impact of credit unions in your neighborhoods and communities.